Question

Which type of financial product is represented by bank deposits and other savings instruments that provide liquidity at the right time and quantum?

a.

Transactional products

b.

Contingency products

c.

Wealth accumulation products

d.

Investment products

Posted under IC38 Life Insurance Agent Exam

Answer: (a).Transactional products Explanation:Transactional products, such as bank deposits and savings instruments, provide liquidity for cash requirements.

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Q. Which type of financial product is represented by bank deposits and other savings instruments that provide liquidity at the right time and quantum?
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